Housing Act of 1954: Hearing Before the Committee on Banking and CurrencyU.S. Government Printing Office, 1954 - 889 pages |
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Page 65
... lending fraternity , but you have given me the same answer they give me . Mr. McVEY . Mr. Chairman , I should like to second what my col- league from New York has said . I think our aim should be to transfer this situation to the lending ...
... lending fraternity , but you have given me the same answer they give me . Mr. McVEY . Mr. Chairman , I should like to second what my col- league from New York has said . I think our aim should be to transfer this situation to the lending ...
Page 70
... lending agencies and their taking over this program themselves . Wouldn't you have to change the evaluation of examination that takes place now ? Many times , the lending agencies can't assume certain risks , or have certain assets in ...
... lending agencies and their taking over this program themselves . Wouldn't you have to change the evaluation of examination that takes place now ? Many times , the lending agencies can't assume certain risks , or have certain assets in ...
Page 79
... lending in- stitution in this organization and that when he pays it off that they get the benefit from the stock and he gets nothing , and they have put nothing in it . Mr. COLE . No , I cannot agree with you , Mr. Rains . The purpose ...
... lending in- stitution in this organization and that when he pays it off that they get the benefit from the stock and he gets nothing , and they have put nothing in it . Mr. COLE . No , I cannot agree with you , Mr. Rains . The purpose ...
Page 80
... lenders and not the purchasers ? Mr. COLE . No , I cannot agree with that . I can agree with you partially . But the lenders will certainly have some advantage , Mr. Rains , and it would be incorrect for me to say that they would not ...
... lenders and not the purchasers ? Mr. COLE . No , I cannot agree with that . I can agree with you partially . But the lenders will certainly have some advantage , Mr. Rains , and it would be incorrect for me to say that they would not ...
Page 81
... lending money are going to move into this kind of a situation , such as is suggested in this bill , when today they have a higher return from their money outside , in all the loans they can make . How is that going to work ? Mr. COLE ...
... lending money are going to move into this kind of a situation , such as is suggested in this bill , when today they have a higher return from their money outside , in all the loans they can make . How is that going to work ? Mr. COLE ...
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Expressions et termes fréquents
agency amended amount areas Association average banks believe bill BOLLING builders building capital CHAIRMAN charges COLE Commissioner Congress construction cooperative housing corporation cost DEANE debentures DOLLINGER downpayment economic estimated existing facility families Federal Housing Administration FHA insurance FNMA funds future advances going guaranteed HIESTAND HOLLYDAY housing cooperatives housing program income increase industry interest rates investment legislation lenders lending lien limit loan to value maximum MCDONOUGH ment MERRILL million mort mortgage insurance mortgage loans mortgage market MULTER MUMMA MURPHY National Housing Act O'HARA OAKMAN operation PATMAN payments percent present President problem projects proposed public housing purchase question recommendation redevelopment rehabilitation REILLY rent rental Reserve residential savings and loan secondary market section 221 SHANKS SHISHKIN slum clearance SLUSSER statement substandard tion trailer coach Treasury urban renewal VA loans veterans
Fréquemment cités
Page 16 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 14 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 557 - ... a decent home in a suitable living environment for every American family.
Page 17 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 13 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding...
Page 14 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 28 - An act to expedite the provision of housing in connection with national defense, and for other purposes," approved October 14, 1940, as amended, is amended by striking out "$1,200,000,000" and inserting in lieu thereof "$1,600,000,000.
Page 5 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 14 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the corporation.
Page 8 - Insurance Fund. The principal of, and interest paid and to be paid on, debentures...